09/11/2026
National housing inventory is still running 20β30% below pre-pandemic levels, and Portland buyers are feeling every bit of it this summer.
That shortage isn't a local quirk. It's a pattern that's been grinding on across the country for years, and metros like ours, where land is tight and close-in neighborhoods stay in demand, feel it more sharply.
Here's what that looks like on the ground in the Portland metro right now:
π‘ Well-priced homes in areas like Beaverton, Northeast Portland, and Lake Oswego are still moving in days, sometimes with multiple offers.
π Homes that sit are usually the ones priced ahead of the comps or showing poorly, not proof that the market has softened.
β
Waiting for a big wave of fall listings to give you more choices? The data says don't hold your breath.
The smarter play is to be ready before the right home shows up. Get pre-approved, know your must-haves, and have an agent who can move quickly when something fits.
If you're thinking about buying in the Portland metro this year and want a clear read on inventory in your specific neighborhood, send us a message. We're happy to walk you through what we're seeing block by block.